Ali Velshi and Stephanie Ruhle go off on lies Trump spread during Fox News interview.
Ali Velshi starts off with, “We woke up to some head scratching claims from President Trump. Listen to this:”
Video Clip begins with Trump speaking more rubbish…
Trump, “So they borrowed more than $10 trillion, right? And yet we picked up $5.2 trillion just in the stock market, possibly picked up the whole thing in terms of the first nine months, in terms of value. So you could say in one sense we’re really increasing values and maybe in a sense we’re reducing debt.”
Velshi then reacts in Horror to what Trump said with, “That is nuts. For fact’s sake, stock price increases have absolutely nothing to do with the federal debt. Let me show you how this works.” and then goes on to explain federal debt, and how it is affected and how it would affect the markets.
Stephanie Ruhle responds to Velshi with, “Can you just say that again for me? So the president lied to the American people, the forgotten American who is saying “I want to have more money, I want to reduce the deficit.” The only way you’re going to reduce the national debt — and yes, it ballooned under the Obama administration — is if you raise taxes and cut spending. Neither of which are happening. Tying that to the stock market is pure garbage.”
Velshi completely dumbfounded by what Trump said explained Economics 101 and added the following, “These market gains that the president was talking about, that’s money that companies make. ….He made a mathematical equation that is absolutely incorrect. Unless you raise taxes, which apparently doesn’t seem to be the plan. Let’s talk about what the president has said about that.”
Another portion of Trump’s comment are shredded by Velshi. “Generally speaking, when companies get tax cuts, they keep them for themselves and distribute them to their shareholders. It doesn’t work its way through to wages. “
All lies and deceit from Trump to deceive America and his base.
Watch the full Velshi and Ruhle show below:
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